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Question 4 (10 marks) On Oct 15, 2017, you purchase a $10,000 T-note that matures on Nov 15, 2024 (settlement occurs two days after purchase,

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Question 4 (10 marks) On Oct 15, 2017, you purchase a $10,000 T-note that matures on Nov 15, 2024 (settlement occurs two days after purchase, so you receive actual ownership of the bond on Oct 17, 2017). The coupon rate on the T-note is 4.75% and the current price quoted on the bond is 105:08. The last coupon payment occurred on May 15, 2017, and the next coupon payment will be paid on Nov 15, 2017 (shows all the steps in achieving the answers) a. Calculate the accrued interest due to the seller from the buyer at settlement. b. Calculate the dirty price of this transaction

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